03 Oct '11, 5pm

Gov't plans to curb vehicle growth: Lui #Singapore

"And there is also a limit to what we can do with regard to congestion pricing. So it's really trying to find a balance to these two measures," he said. Associate Professor Anthony Chin , director of the Economic Executive Programme at the Singapore Centre for Applied and Policy Economics , was not convinced a cut in vehicle growth is necessary. He wondered if the current speed of 62.3km/hr on expressways is not acceptable and pointed out that the problem that needs to be tackled is that of usage, which results in congestion, and not ownership. With the lowered vehicle growth rates, it is also speculated that COE and car prices will increase because fewer COEs will be issued. "Given the total COE number to be released is dependent on the growth allowed and the replacement of deregistered vehicles, even if we assume de-registration numbers remain constant, as per numbers fr...

Full article: http://sg.news.yahoo.com/gov-t-plans-to-curb-vehicle-grow...

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